JDSU Names Thomas Waechter President and Chief Executive Officer
December 18 2008 - 4:07PM
PR Newswire (US)
MILPITAS, Calif., Dec. 18 /PRNewswire-FirstCall/ -- JDSU (Nasdaq:
JDSU; TSX: JDU) today announced that Thomas Waechter has been
promoted to president and chief executive officer of JDSU effective
January 1, 2009. Mr. Waechter will also be appointed to JDSU's
Board of Directors. (Photo:
http://www.newscom.com/cgi-bin/prnh/20081218/AQTH533) Waechter is
currently president of JDSU's largest business segment,
Communications Test and Measurement, with responsibility for the
overall business. Prior to joining JDSU in 2007, Waechter held a
wide variety of executive positions including chief executive
officer for three public companies. As president and chief
executive officer of Stratex, he substantially grew revenue and
improved profitability and was instrumental in driving the merger
of Stratex and Harris, a leading independent supplier of wireless
transmission systems. Waechter's experience also includes a 14-year
career with the multi-national Schlumberger where he gained
significant experience in international business. Over the last
eight years he has gained detailed knowledge and experience within
the telecommunications industry as the chief executive officer and
chief operating officer of a number of public companies serving
that market. "After a thorough search process we believe we have
selected the candidate that best matches the requirements for
leading the company during these challenging economic times," said
Marty Kaplan, chairman, JDSU's Board of Directors. "Since joining
JDSU last year Tom has already made significant contributions to
the company's success through operational excellence as well as
strategic acquisitions. Tom's extensive leadership experience will
serve the company well." "My priorities are clear: focus the
collective talent and commitment of JDSU to support our worldwide
customer base and ensure our joint success in today's economic
climate," said Tom Waechter. "I am impressed with the opportunity
for JDSU and I am honored to have the opportunity to work with the
entire company." "I am proud of the significant progress and
accomplishments that the company as a whole has made in the last
five years," said Kevin Kennedy, JDSU's president and chief
executive officer. "Tom is an excellent choice to lead JDSU and I
look forward to continue working with him through my board
participation." Waechter holds a Bachelor of Business
Administration from The College of William and Mary. He also serves
as a trustee for the College of William and Mary Foundation. A
search for the replacement of the President of the Communications
Test and Measurement business segment, including both internal and
external candidates, is currently underway. David Holly, senior
vice president in the Communications Test and Measurement business
segment will have interim responsibility for day-to-day operations.
About JDSU JDSU (NASDAQ: JDSU; and TSX: JDU) enables broadband and
optical innovation in the communications, commercial and consumer
markets. JDSU is the leading provider of communications test and
measurement solutions and optical products for telecommunications
service providers, cable operators, and network equipment
manufacturers. JDSU is also a leading provider of innovative
optical solutions for medical/environmental instrumentation,
semiconductor processing, display, brand authentication, aerospace
and defense, and decorative applications. More information is
available at http://www.jdsu.com/. Contact Information Investors:
Michelle Levine, 408-546-4421 or Press: Kathleen Greene,
408-546-5852 or
http://www.newscom.com/cgi-bin/prnh/20081218/AQTH533
http://www.newscom.com/cgi-bin/prnh/20050913/SFTU125LOGO
http://photoarchive.ap.org/ DATASOURCE: JDSU CONTACT: Investors,
Michelle Levine, +1-408-546-4421, , or Press, Kathleen Greene,
+1-408-546-5852, , both of JDSU Web site: http://www.jdsu.com/
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